Reasons for newbies loss in bitcoin

[carlisle1]

the reason beginners lose bitcoin is, in my personal opinion the reason is simple, most likely they are mentally not ready to face any pressure that comes, when there are negative posts about bitcoin, and bitcoin prices start to fall, they immediately panic, they immediately sell their bitcoins, and they will definitely suffer losses..

What you say is true, most newbies have a weak mentality and do not have sufficient knowledge about Bitcoin. So they will panic if the market
suddenly turns bad and can't control their emotions. In the end, newbies will immediately sell their Bitcoins when the market falls, because they are
afraid of losing all their capital. That's what makes newbies experience a lot of losses when investing in Bitcoin, therefore my advice for newbies
to learn all things about Bitcoin first, in order to know how Bitcoin works. So don't invest in something we don't know about.

Without further knowledge within the field that they've invested, emotion will conquer them mentally.
but because of experienced if these newcomers learned out from this hard mistakes change will lead them to survive and succeed.

Most people who believes that there are always good open opportunities will continue to chase one for them.

They will not allow this failure to stop them, else they will use it as inspiration to continue chasing their success.

[batang_bitcoin]

That's typical for the newbies. Been there done that and I think that learning from that experience will make them better if they will take care of their assets and still has the desire to continue.

It is very important to learn how to work with your own funds yourself, and not seek help from someone else. If a person listens to someone's advice, then he misses the opportunity to learn and gain experience from his transactions, he will not be able to conclude what was done wrong. It also greatly increases the risks of getting caught by scammers, which often leads newbies to a loss of funds. It's early to sell, this is one of the most common mistakes, a person sees a slight fall and in a panic hurries to sell his coins, but if he carefully read the forum and used the experience of people who is on the forum  many years, he would know that perhaps one of the best strategies for today is hold.

It is okay to seek help from others. And those others should be more knowledgeable to you and their approachable and the most important is that you know them well.
You just don't cross to anyone that you want to ask help for but you really don't know the background of that person. There's nothing wrong to seek help if you really don't know what you do.

[nhaila]

Some effective criteria should follow by newcomers and beginniners.

Shouldn't have over greed
Should control emotional at the trading
Investment plan should clear and should have deep knowledge about project and market.
Don't loss patients

[imstillthebest]

maybe we really love what experienced by beginners so they lost so many bitcoins, for that we should not easily believe anyone who says they can multiply bitcoins even though this is something that is so impossible, especially considering there is no interference from third parties in bitcoin to process a price or regarding the multiplication of bitcoin itself, maybe this is something we should be aware of so that we don't lose bitcoin in the future

if its sounds impossible why should one believe it ? you can multiply your own bitcoins but entrusting it to someone else is risky as it can lead to scamming .
 this is one of the case why newbies lost their btc because they didnt know that they can invest in their own but to invest on our own we must also chose the right wallet , a wallet where own our keys  .

[MoneyJ]

Lets face it that most of the people lured into bitcoin are speculative in nature . When they see the $ sign they immediately jump into bandwagon without having to understand the nook and cranny of it cycle and economics. Just like the economy of bear and bull market has presented to a new and upcoming investors, they are pretty much eager to dive into. Better rad an have a better grasp on how the cycle of bitcoin evolves.

[witcher_sense]

One of the main reasons newcomers face losses in bitcoin is the wrong tools and platforms which they are choosing when considering investing in bitcoin or buying it for the long term. For example, there are many platforms that allow you to invest in bitcoin without giving you control over private keys. It is a common occurrence, and many newbies don't understand the risks and dangerous consequences of such methods of cryptocurrency holding. If a platform is dishonest, of which there is a lot, all bought bitcoins are gone for good, and there is no chance to figure out whether or not they ever even had bitcoins for selling.  Likewise, if a platform is relatively honest, the risk remains. The honest platform could still be hacked, which usually results in the loss of all of your savings, or they can introduce new restrictive measures such as KYC, AML, etc. If you happen to live in a "blacklisted" country, you have no chance to pass KYC procedures, so you will lose access to your funds forever.

[Wakajeje01]

It's very hard to learn more about cryptocurrency i lost many times by not listening to my coach knows as my master who refer me into this awesome opportunity, so i do some researches on my own online to know more of it and by now i think am not an amateur anymore but it's interesting when you gain or loss because it's shows you more knowledge.

[Ndlongap Ndlongop]

You have all faced these problems, and beginners just need to listen to more advanced traders.

Yes that's right, if we often hear advice from experts then we avoid scam projects, to become expert traders then we must have patience and always learn, without learning then we will lose.

[chichigirl]

Bitcoin is becoming mainstream these days and top most choice for many investors for making investments and contribute a good portion of their portfolio allocation towards the same but still we see panic sell among these investors making the situations worse for market and for themselves also. So what are the main reason for these sell off ? Later on when they buy at peak and sell off at drop they think btc was not the right option for them but don't realize their mistake.Some common reasons for these are as follows:

1) People think Bitcoin as tool to become rich overnight

The main reason for people investing in bitcoin is that they see btc as tool to become rich overnight and according to them if they would invest $100 or $1000 in bitcoin it would be double or triple within days and when they see their investment going down next step they get nervous and want to safe themselves from any further loss.They see on news and article that btc is up 1200% this year and they think it will keep on rising and when this does not happen they panic sell and start dumping their coins.They need to be atleast have patience and know it will take certain time for btc to jump back.Apple,Microsoft and other shares have not make upto S&P 500 overnight but still bitcoin is keeping the pace very fast. 

2) People ignore the volatility factor and past Crashes

Many new investors enter the market in the investment hype and hope for steady rise and ignore the main "Volatility" factor and it is the basic knowledge every investor must have prior investment.The volatility in crypto market is high and prices can fluctuates highly but when it goes down they start panicking and do the same mistake which is biggest mistake. Market have seen many dips and crash like situations but still they tend to ignore it and got nervous. They should see this chart history before any judgement:

When it have witnessed more than 70-80% crash in prices and still managed to rise to this level so why do panic sellers think it is bubble and will burst this time? It has been declared dead hundred times and still trading at $30k so if you underestimate it you will be in loss in future.

3) Whales manipulation and FUD

This is most common technique to create dump like situations in market to gain huge profits from this situation and accumulate more bitcoins at cheap prices.They spend rumours and create FUD in the market to which most of the newbies will get panic and start selling off and exactly same thing happens and the only ones who suffer loss out of this will be panic sellers.


WE ALL NEED TO TAKE INTO CONSIDERATION ALL THE FACTORS BEFORE INVESTING INTO BITCOIN AND HAVE PATIENCE FOR SOME TIME MOST IMPORTANTLY IN THESE DIPS SO THAT IT GET SOME REATAIL SUPPORT.

Correct! This is right, Patience is the most important in trading to overcome the great loss. Sometimes i encounter some losses because i am afraid that tje price will continue to go down but if you have some patience you will HOLD it until the price will rise.

[worldofcoins]

newbies are people who enter the crypto market because they follow other people and without knowledge and experience
they buy when the bulls and sell when the bears, that's really funny

newbies can profit if they are more positive and calm minded when buying bitcoin or other crypto assets
the only keyword is don't sell when the market panics

Mostly these 3 things happen -

1. They invest in a Ponzi and their company runs away with their money.
2. They use some free wallet and again the company run away with their money.
3. They install some trojan through a program they're unaware of and the hacker steals their bitcoins.

There could be many possibilities but I thought it's better to post easy-to-understand ones.

[Desmong]

Because all they have in mind is how to earn money without knowing the market and process, according to points no. 1 and 2. Panic selling and buying trends at the wrong time is a mistake that must be avoided, time gives us the knowledge how to get rich ?,, is to do the right thing at the right time. emotion is everything to take profit without loss

Whether the gain or lose is normal and it does not call for pity or self estimation. Losing in Paramount to business and all business as it own risk taking ratio that you need to consider before entering a trade or investing in an asset. When you start something as a newbie, there is high possibility that you will make some certain mistakes that will make one to be stronger at the later run which is part of the success story. This is why learning is constant, when you start to unlearn, you become a loser at the later run.

[BuNga_cute]

~

What you say is true, most newbies have a weak mentality and do not have sufficient knowledge about Bitcoin. So they will panic if the market
suddenly turns bad and can't control their emotions. In the end, newbies will immediately sell their Bitcoins when the market falls, because they are
afraid of losing all their capital. That's what makes newbies experience a lot of losses when investing in Bitcoin, therefore my advice for newbies
to learn all things about Bitcoin first, in order to know how Bitcoin works. So don't invest in something we don't know about.

Without further knowledge within the field that they've invested, emotion will conquer them mentally.
but because of experienced if these newcomers learned out from this hard mistakes change will lead them to survive and succeed.

Most people who believes that there are always good open opportunities will continue to chase one for them.

They will not allow this failure to stop them, else they will use it as inspiration to continue chasing their success.

Sometimes being a newbie does have to learn from the mistakes that have been made, so as not to repeat the same mistakes in the future.
Newbies who never give up when experiencing losses, will be able to survive and succeed in the crypto world. This means that there is nothing
wrong with experiencing losses, but how to deal with the losses that occur is much more important. Continue to learn and always never give up
the pursuit of success we must instill in ourselves. This will lead to being a successful person, every successful person must have experienced failure.
So for newbies experiencing loss is not the end of everything, but it can be a hard way how to understand the crypto world.

[S4VV4S]

this is very unfortunate why beginners can lose their bitcoins, in the future we have to be more careful with people we just know such as not giving our passwords or their passwords to that person because this will be very easy to hack, let alone there are so many people who are not responsible for our account, this is a step that we must be aware of for the future

[verita1]

I am remembering how I learned about bitcoin. My first source was here in this forum I started to join the bounty campaigns but while doing the bounty hunter tasks I was interested in learning about bitcoin.
I must confess that I am self-taught, nobody told me to create an account here or on any other site related to cryptocurrencies because the initiative was totally mine.
In addition to the forum I learned about bitcoin at https://bitcoin.org/
It was my best source for creating a solid foundation for my knowledge.

When a newbie loses money I agree as you say it is because they do not assume their responsibility as an investor and before starting they should educate themselves and should not fall into greed.

[hichamito37]

Bitcoin is becoming mainstream these days and top most choice for many investors for making investments and contribute a good portion of their portfolio allocation towards the same but still we see panic sell among these investors making the situations worse for market and for themselves also. So what are the main reason for these sell off ? Later on when they buy at peak and sell off at drop they think btc was not the right option for them but don't realize their mistake.Some common reasons for these are as follows:

1) People think Bitcoin as tool to become rich overnight

The main reason for people investing in bitcoin is that they see btc as tool to become rich overnight and according to them if they would invest $100 or $1000 in bitcoin it would be double or triple within days and when they see their investment going down next step they get nervous and want to safe themselves from any further loss.They see on news and article that btc is up 1200% this year and they think it will keep on rising and when this does not happen they panic sell and start dumping their coins.They need to be atleast have patience and know it will take certain time for btc to jump back.Apple,Microsoft and other shares have not make upto S&P 500 overnight but still bitcoin is keeping the pace very fast. 

2) People ignore the volatility factor and past Crashes

Many new investors enter the market in the investment hype and hope for steady rise and ignore the main "Volatility" factor and it is the basic knowledge every investor must have prior investment.The volatility in crypto market is high and prices can fluctuates highly but when it goes down they start panicking and do the same mistake which is biggest mistake. Market have seen many dips and crash like situations but still they tend to ignore it and got nervous. They should see this chart history before any judgement:

When it have witnessed more than 70-80% crash in prices and still managed to rise to this level so why do panic sellers think it is bubble and will burst this time? It has been declared dead hundred times and still trading at $30k so if you underestimate it you will be in loss in future.

3) Whales manipulation and FUD

This is most common technique to create dump like situations in market to gain huge profits from this situation and accumulate more bitcoins at cheap prices.They spend rumours and create FUD in the market to which most of the newbies will get panic and start selling off and exactly same thing happens and the only ones who suffer loss out of this will be panic sellers.


WE ALL NEED TO TAKE INTO CONSIDERATION ALL THE FACTORS BEFORE INVESTING INTO BITCOIN AND HAVE PATIENCE FOR SOME TIME MOST IMPORTANTLY IN THESE DIPS SO THAT IT GET SOME REATAIL SUPPORT.

market participants who do not have complete knowledge, but want to make money fast and make a lot of money in a short time. They do not know that the scammers are trying to slow down, waiting for them to trust them to trick the uninformed into a sophisticated scam, in addition, panic also causes newcomers to lose money, the market turns. act because whales are trying to manipulate their emotions. Falling prices and panic always lead to feelings of fear and selling at a loss.

[carlisle1]

It's very hard to learn more about cryptocurrency i lost many times by not listening to my coach knows as my master who refer me into this awesome opportunity, so i do some researches on my own online to know more of it and by now i think am not an amateur anymore but it's interesting when you gain or loss because it's shows you more knowledge.

.

Everyone who is an expert will go through the early stages of becoming newbies, the first time I got to know crypto I was often stuck with scam ICO projects, now even though it's been more than 5 years I understand better and can determine which crypto is worth buying or choosing a legit ICO, mistakes is not the end of our journey, and never be afraid to be wrong.

Everyone indeed, no one can raise his hands and declare that he's an expert the very first time he steps on this business.

there's always a process, and those who wanted to lessen the chance of losing their money are the one who deal's doing their research first.
it gave some good edge if you perform your DYOR before taking your step in this business.


You are doing a good favor to your investment if you continue to chase learning more ideas while you are in this industry.

[celot]

I think many beginners who fail are in factors 1 and 2 . They think bitcoin can make them rich overnight. When in fact we also have to learn to become a successful trader , it all starts with a small value . Especially with a small capital but hoping to get rich overnight .. that's a stupid thing.

[iTradeChips]

1) People think Bitcoin as tool to become rich overnight

I think this is the main factor causing newbies to lose. Most people have only seen and heard, but they cannot understand the specific nature and power of bitcoin. Everything has to come from process and time, some people with high time demand on profit will be at a disadvantage, then panic and dump. Ignorance leads to lack of trust and loyalty.

Many newbies experience losses because they believe too much in other people's opinions, which are sometimes different from the reality.
Therefore for beginners they should not focus on making profits from Bitcoin, but it's better to learn everything about Bitcoin first. So will
understand how Bitcoin works, and will not think of Bitcoin as a tool to get rich instantly. It takes patience if we want to profit from Bitcoin,
because Bitcoin is good as a long-term investment.

Well, if you going to count me helping out to my poor peers at home an opinion then you are telling me that if they believe in me they will experience losses. If my peers did not ask me and relied on other internet guru's and crypto experts out there and they failed, even if what these experts say are true and should have followed closely, and others have succeeded following it, then the peers will be blamed as others followed and it worked. It is not really as to who they listen to ok, just want to leave that thought right here. Whether it is me, or some Legendary user here said these advices, it is really the one who listened and how he will execute these opinions that we have that will give them a difference between winning and losing their investments.

[worle1bm]

I think many beginners who fail are in factors 1 and 2 . They think bitcoin can make them rich overnight. When in fact we also have to learn to become a successful trader , it all starts with a small value . Especially with a small capital but hoping to get rich overnight .. that's a stupid thing.

You can start with any desired amount but don't hope for becoming rich overnight schemes as they are not gonna work for you.Learn the market rules and then jump into it but people loose because of their mistakes and then blaming bitcoin for it is not going to give them any benefit or return of funds so it's better to have knowledge and patience for it.

[Sihab76]

There are many reasons for newcomers to Bitcoin losses which if not followed properly can lead to huge losses. The reasons are mentioned below.

Excessive greedyness
Lack of enough knowledge about market and cryptos
Lack of patience in trading
Invest on shit project.